Pepsico India Holding FY22 Gain Falls By 76.25%

The combined profit for FY22 for the food and beverage company, Pepsico India Holdings fell by 76.25 per cent to Rs 41.63 crore while operating revenue increased by 21.6 per cent to Rs 6,385.80 crore.

According to a data by Tofler, the company made a total profit of Rs 175.30 crore and its income from operations was at Rs 5,250.96 crore for the financial year that ended on March 31, 2021.

The other income for Pepsico India Holdings fell by 27 per cent  to Rs 82.34 crore in FY22. While the company's overall revenue, which includes sales of brands like Pepsi, Lay's, Kurkure, and Tropicana, increased by 20.58 per cent to Rs 6,468.14 crore for the fiscal year that ended on March 31, 2022.

PepsiCo India representative has stated that the company had robust double-digit growth in both operating revenue and volume for FY22, despite inflation. The entire tax charge for Pepsico India Holdings increased by 58.32 per cent to Rs 36.89 crore in FY22, while overall expenses increased by 23.7 per cent to Rs 6,389.62 crore.

PepsiCo began doing business in India in 1989 and has since expanded to become one of the biggest MNC food and beverage companies there. In FY22, the company's beverage division revenue increased 10.61 per cent to Rs 1,014 crore. While its food category revenue increased by about 24 per cent to Rs 5,371.80 billion.

PepsiCo India Holding reported export revenue of Rs 106.14 crore in FY22, an increase of 2.58 per cent. A year ago, it was worth Rs 103.47 crore.

PepsiCo India Holding produces package bottles, snack items, mineral water, beverages, and fruit products through its subsidiaries.

The business kept spending money in FY22 on both customer-facing activations and expanding capacity for future expansion.

"In addition, the company delivered a fifth straight year of profit and witnessed an increase in EBIDTA, despite the challenging operating environment and macroeconomic headwinds. This is reflected in the increase in advertisement and marketing spends, depreciation and investment in capacity. We shall also continue our community efforts through our commitment to being PepsiCo positive -- a strategic end-to-end transformation initiative with sustainability at the centre to create growth and value by operating within planetary boundaries and inspiring positive change for the planet and people," says the spokesperson.

PepsiCo India is "strongly poised" to take advantage of the rising consumer demand in the future as it continues to invest in the nation, diversifies its product offerings to meet shifting consumer preferences, expands operations, and further boosts consumer touchpoints, particularly in the wake of the Covid pandemic.